Electric car sales soar in Europe, but market barriers remain | World ...
Nov 13, 2023 · Continued barriers for electric car sales A recent report from Ernst & Young points to the positive effects that regulation, subsidies and incentives have had in terms of driving uptake. Other factors propelling sales are the perceived urgency to decarbonize and carmakers’ commitment to EV and battery manufacturing.
Here's how to accelerate the electric vehicle revolution
Jan 31, 2022 · Globally, electric vehicle (EV) sales grew 80% in 2021 and companies like Toyota and Volkswagen announced $170 billion of investment into electrification. Besides eliminating exhaust emissions and tackling part of the 23% of global CO2 emissions contributed by the transportation sector, EVs also provide key flexibility to the grid as we ...
Electric vehicle sales leapt 55% in 2022 - The World Economic Forum
May 11, 2023 · Among recently announced initiatives are Japanese automaker Toyota targeting 3.5 million annual electric car sales by 2030; Ford announcing one-third of sales to be fully electric by 2026; and Volvo to become a fully electric car company by the end of the decade.
Electric vehicle demand – has the world got enough lithium?
Jul 20, 2022 · The answer to the question is lithium, and the bad news for the world is that it potentially has nowhere near enough of it to power all the electric vehicle (EV) batteries it wants – and needs. Lithium is a non-ferrous metal known as “white gold”, and is one of the key components in EV batteries, alongside nickel and cobalt.
The dirty secret of electric vehicles | World Economic Forum
Mar 27, 2019 · Last year, 2.1 million new electric vehicles were sold worldwide. China is the world’s largest electric car market, accounting for 1.2 million - 56% of all electric vehicles sold in 2018. China also accounts for 99% of sales of electric trucks, buses, motorcycles and scooters.
These 3 elements are crucial to the future of electric cars
Feb 13, 2018 · As electric vehicles (EV) become more affordable, some are predicting that they will constitute almost a third of new-car sales by the end of the next decade. Ride-sharing continues to surge, with estimates that, by 2030, it will account for more than 25% of all miles driven globally , up from 4% today.
The surprising truth behind the world's electric cars
Mar 5, 2018 · China commands 40% of the global electric car market Image: REUTERS/Norihiko Shirouzu China’s coal consumption intensifies While China is among the nations working to curb the production of fossil fuel-powered vehicles, its appetite for coal has intensified in recent years, from a global share of 13.6% in the early 1970s to 44.5% in 2016.
How countries are encouraging the move to electric cars | World ...
Dec 6, 2021 · As the UK moves ahead with its electric vehicle transition plans, several other countries are following suit. Global electric car sales surged by 140% in the first quarter of 2021 compared to the same period in 2020, according to the International Energy Agency (IEA). China led the way, followed closely by Europe, while sales doubled in the US.
Here’s why our electric vehicle charging habits must change
Jan 11, 2023 · The Stanford study points out that since charging electric vehicles takes time using conventional chargers, owners tend to leave their cars charging in the evenings and overnight, putting added pressure on the grid. Demand peaks between 5-9 pm as people return home from work and use electric appliances like televisions and kettles.
What’s stopping people buying electric cars? | World Economic …
Jul 8, 2021 · The IEA says that global electric car sales rose by 140% in the first quarter of 2021 compared to the same period in 2020. China led the way with half a million new electric cars sold in the period, followed closely by Europe (450,000) and even in the US, EV sales doubled compared to the first quarter of 2020.